PPG Industries (PPG) Reported Q4 Beat, But Q1 Missed Estimates
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PPG Reports Fourth Quarter and Full-Year 2021 Financial Results
January 20, 2022 4:14 PM ESTRecord fourth quarter net sales of about $4.2 billion, about 12% higher than prior year Organic sales growth of nearly 4%, led by higher selling prices Reported earnings per diluted share (EPS) of $1.12 and adjusted EPS of $1.26 Continuing supply disruptions and increased manufacturing interruptions negatively impacted sales and operating costs Raw material cost inflation up 30% year over year in the fourth quarter Fourth quarter share repurchases of more than $200 million; balance sheet flexibility remains Record full-year sales of about $16.8 billion, aided by 10% organic growth Increased acquisition synergy targets by 15% to $150... More
